At meeting held on 05 December 2014
Ahluwalia Contracts (India) announced that the Board of Directors of the Company at its meeting held on 05 December 2014 approved the allotment of 25,35,000 Equity Shares to Bikramjit Ahluwalia and 16,90,000 equity shares to Sudershan Walia, the Promoters of the Company aggregating to 42,25,000 equity shares of Rs. 2/- each at a price of Rs. 118/- per share.This allotment was made based on the approval of the Board in its Board Meeting held on 01 July 2014 and approval of shareholders through Postal ballot on 08 August 2014 and the price was determined as on the relevant date viz. 09 July 2014 as per SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2009.
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